The exchange rate forecast for the Singapore Dollar (SGD) to Canadian Dollar (CAD) has seen notable dynamics recently. As of mid-October 2025, the SGD/CAD is trading at approximately 1.0816, reflecting a stable range of 1.7% from 1.0685 to 1.0862. This positioning is slightly above its three-month average, indicating relative strength in the SGD against the CAD.
Recent developments affecting the Canadian dollar indicate a downward trend, largely influenced by falling oil prices. The CAD has struggled as oil, a critical commodity for Canada's economy, has declined to a five-month low, trading at $65.07 USD, which is about 1.7% below its three-month average. Analysts note that the CAD’s depreciation has been exacerbated by concerns regarding potential contractions in Canada’s GDP and uncertainties surrounding trade negotiations with the U.S., particularly in sectors such as steel and aluminum.
Conversely, the Singapore Dollar has exhibited resilience amidst global uncertainties. The Monetary Authority of Singapore has kept its monetary policy settings unchanged, signaling confidence in economic growth, which expanded by 2.9% year-on-year in Q3 2025, surpassing expectations. Experts suggest that Singapore's controlled inflationary environment, with core inflation forecasts revised downward, provides a supportive backdrop for the SGD.
The implications of these developments are significant for the SGD/CAD exchange rate. As the CAD continues to face pressure from weakening oil prices and economic uncertainties, the SGD's robust performance may keep the currency pair buoyed at its current levels. However, forecasters caution that ongoing fluctuations in oil prices and shifts in global economic sentiment will be crucial in determining the future trajectory of the CAD.
In conclusion, while the SGD maintains strength over the CAD for now, the outlook remains contingent upon oil market trends and broader economic factors. Traders and businesses engaged in international transactions may want to monitor these developments closely to optimize their currency conversion strategies.
